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2025 Compare Cities Housing:
Richmond, IN vs New Albany, IN

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Highlights
- The median age of a home in Richmond is 6.3% older than the median age of a home in New Albany.
 Richmond, INNew Albany, INUnited States
 Median Home Age64  Unlock42
 Median Home Cost  Unlock$195,900$338,100
 Home Appr. Last 12 months15.1%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock55.7%57.0%
 Home Appr. Last 10 yrs.73.6%  Unlock101.1%
 Property Tax Rate  Unlock$8.7$11.0
 Homes Owned47.1%  Unlock57.4%
 Housing Vacant  Unlock15.3%11.2%
 Homes Rented37.3%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Richmond, INNew Albany, INUnited States
 Average Rent  Unlock$1,350$1,840
 Studio Apartment$670  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$860$1,180
 2 Bedroom Home or Apartment$1,000  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,370$1,860
 4 Bedroom Home or Apartment$1,360  Unlock$2,160
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 Vacant Housing
 Richmond, INNew Albany, INUnited States
 Vacant For Rent  Unlock4.6%1.9%
 Vacant Rented0.4%  Unlock0.4%
 Vacant For Sale  Unlock1.1%0.7%
 Vacant Sold0.4%  Unlock0.4%
 Vacant Vacation  Unlock1.5%3.6%
 Vacant Other10.6%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Richmond, INNew Albany, INUnited States
 Less Than $20,000  Unlock2.5%2.6%
 $20,000 to $39,9997.5%  Unlock2.4%
 $40,000 to $59,999  Unlock2.0%2.8%
 $60,000 to $79,99919.9%  Unlock3.9%
 $80,000 to $99,999  Unlock11.1%4.5%
 $100,000 to $149,99920.9%  Unlock11.3%
 $150,000 to $199,999  Unlock27.4%13.0%
 $200,000 to $299,9994.7%  Unlock20.1%
 $300,000 to $399,999  Unlock4.5%13.6%
 $400,000 to $499,9990.1%  Unlock8.3%
 $500,000 to $749,999  Unlock0.6%9.7%
 $750,000 to $999,9990.0%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.0%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
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 Housing Units By Year Built
 Richmond, INNew Albany, INUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock6.1%13.6%
 2000 to 20094.4%  Unlock13.6%
 1990 to 1999  Unlock6.9%13.6%
 1980 to 19896.6%  Unlock13.2%
 1970 to 1979  Unlock13.2%14.8%
 1960 to 19695.6%  Unlock13.6%
 1950 to 1959  Unlock12.2%10.0%
 1940 to 194910.2%  Unlock4.7%
 1939 or Earlier  Unlock26.1%12.2%
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Reviews for Richmond    5 Reviews
MICHAEL · Richmond, IN
Has anything changes for the better yet in Richmon
Over 10 years ago

do you see any changes no and lot of people don't even vote in this poverty retirement town. most of the educated people have left Richmond and Indiana all together. Be  More

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ron · Richmond, IN
small city lots of crime
Over 12 years ago

Richmond is an attractive city for the most part, but for its population there is way to much crime. The police seem to worry more about petty issues like driving  More

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dan · Richmond, IN
whats wrong with richmond
Over 14 years ago

Richmond is a great city homes here are very reasonable to buy. We have great parks. And lots of things to do for a town our size. I was born here so were my parents and  More

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Reviews for New Albany    2 Reviews
Janet · New Albany, IN
Small town America
Over 9 years ago

I've lived in New Albany Indiana nearly six years. This town is one of the friendliest I have ever lived in. People are almost always helpful and good. Life  More

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Hazel · Burke, VA
Old city
Over 18 years ago

Many 100+ year old homes, not much to do there, close to to the Ohio River, pretty bad for allergy suffers. Schools not good. Excise tax on auto is paid every year and  More

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Learn More About Richmond, Indiana
Overview
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Learn More About New Albany, Indiana
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